A new market study,”Global Beauty Tools Market Research Report—Forecast till 2025″ has been featured on WiseGuyReports.
Global Beauty Tools Market Research Report—Forecast till 2025
Global Beauty Tools Market is accounted to register a significant CAGR of 17.40% and reach. Beauty tools are trending these days especially in youngsters it includes razors and shavers, hairstyling instruments, sponges and puff, brushes and combs, body hair trimmers, and many more. The rising demand for beauty and makeup products and increasing need for beauty services, influencing social media and brand endorsement, and rising use of online shopping portals are expected to drive the growth of the global beauty tools market during the review period. However, the major factor impacting market growth is the increasing unorganized local market. Furthermore, the technological advancements in beauty tools are impacting positively on the market in the forecast period.
According to the MRFR study, the Global Beauty Tools Market in terms of value is accounted for to reach USD 97,882.1 Million by 2025. The global beauty product industry is benefited due to sophistication and luxury in beauty products. The availability of cheaper beauty tools in the local market is estimated to hinder the growth of the global market.
The global Beauty Tools Market is segmented based on product type, end-user, distribution channel, and region.
By product type, the global beauty tools market has been segmented into hair care, razors, trimmers, brushes & combs, manicure & pedicure tools, tweezers, sponges & puffs, and others. Haircare type is again subdivided into hairdryers, curling irons, straighteners & flat irons, and others. Manicure & pedicure tools are further classified into nail cutter, cuticle pusher & nipper, nail file, and others. Based on the end-use category the market is been classified into the household and commercial beauty tools. By distribution channel, the market is been bifurcated into stored based and non-store based beauty tools.
The region-specific analysis of Global beauty tools Market has been divided into North America, Europe, Asia-Pacific, and the rest of the world.
In 2018, North America is accounted for 34.60% share of the global market and is likely to drive the global market to register a substantial CAGR OF 16.80%during assessment period. The regional market is distributed into Canada, Mexico, and the US however the US contributes the largest market share. Europe is accounted to hold the second-largest share of the global market owing to the rising inclination toward the use of beauty tools. The Asia Pacific is expected to exhibit the fastest-growing market during the review period owing to growing expenditure in cosmetics and beauty products and the preference of the customers to use branded products.
The key players in the Global Beauty Tools Market include The Procter & Gamble Company (US), Estée Lauder Companies Inc. (US), L’Oréal SA (France), Shiseido Co. Ltd. (Japan), Coty, Inc. (UK), e.l.f. Cosmetics, Inc. (US), Avon Products, Inc. (the UK), Paris Presents Incorporated (US), Moët Hennessy – Louis Vuitton (LVMH) (UK), and Edgewell Personal Care (US).
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